Just recently, oil prices hit a two-year high – but now, this week they have started to head lower.
WTI
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By Melissa Lyon | Fox Rothschild LLP Contact
As I write this blog, WTI Crude Oil is at $52.47 per barrel and Brent Crude is at $58.51 per barrel according to Bloomberg Energy.
To the delight of motorists everywhere, the price of oil suddenly halved in the second half of 2014, dropping from over $100 to less than $50 a barrel.
The Oil And Natural Gas Industry: The Impacts And Uncertainty Continue
By W. Eric Gadd | Spilman Thomas & Battle, PLLC
By now we’ve all seen the headlines: “Oil crashes below $27 a barrel,” “Oil prices likely to remain low 3-5 years” and “U.S. oil bankruptcies spike 379%.”
Here is a pretty crazy sequence of events that just went down in the Houston legal market.
How Will Exploration And Production Companies Weather The Storm Of 2016?
By Trey Monsour | K&L Gates LLP
On December 31, 2014, when the price of West Texas Intermediate crude oil dropped 50% from summer prices that year to just under $55.00 per barrel, experts predicted there would be a flurry of industry restructurings.
Churn And Burn: Why Oil’s Waiting On The Fed
By Catherine Boyle | CNBC
There has been plenty of volatility in the oil price this year, but the general direction of travel has been only one way – down. After a close to 6 percent rise in the WTI oil price to $47.15 on Wednesday, traders are increasingly optimistic that oil may have hit its lowest level of the… Keep reading →
Energy News Roundup: EIA Release STEO, BP Hindered EU Energy Reform & Iran Ready To Flood Oil Markets
By Conor O'Sullivan
The EIA has lowered crude price forecasts in its Short-Term Energy Outlook (STEO), expecting West Texas Intermediate (WTI) crude oil prices to average $49 per barrel (b) in 2015 and $54/b in 2016. [EIA] New documents have revealed BP was part of an oil and gas lobby that successfully undermined EU renewable energy targets and subsidies… Keep reading →
This Strange Event Could Send Crude Oil Soaring
By Alex Rosenberg | CNBC
A huge move for oil could be on tap Monday afternoon, when an unusually high level of activity in September options contracts could set the stage for a vicious rally. Options on the September crude oil futures contract expire Monday at the 2:30 p.m. ET settlement. And those derivative contracts have been very popular, with… Keep reading →
Oil prices will remain below the psychologically important $100-a-barrel mark until at least 2025, according to a draft report by the Organization of the Petroleum Exporting Countries (OPEC), seen byThe Wall Street Journal. In its most optimistic scenario, OPEC, which represents 12 oil-producing countries, forecast that oil will sell for around $76 per barrel in… Keep reading →
